Area Guide For Norbury

Norbury is a town in the London Borough of Croydon and the London Borough of Merton. It mainly consists of late Victorian, post-railway terraces and semis, with the odd 1920s job and a nice old Edwardian estate in the middle. London Road is cheaper, however alot noisier. The area around Baldry Gardens and Fontaine Road towards Streatham Common is the area's Beverly Hills.


Norbury Map

Estimated Price: £510,301
Average Asking Price: £505,099
Price change in last one year: £60,179
Average Price Paid: £333,322
Average Rent Rates: £1,405


Property Prices Breakdown in Norbury

Average Price for property in Norbury is around £510,301 which varies based on type of property you are interested in and ranges from £959,479 for detached house to around £616,028 for semi-detached. Similarly terraced house is around £484,164 and a flat is worth £320,602. Values have been changing and have risen £1,171 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,639 in last 6 months, £60,179 in last 1 year, £100,350 in last 2 years, £137,831 in last 3 years, £150,549 in last 4 years and £150,412 in last 5 years.

Currently average asking price of a property in Norbury is around £505,099 based on approximately 242 properties for sale. Same is the case with rental options based on 70 properties up for rent, average asking rent is around £1,405 per month.

Estimated property value in Norbury is £510,301. Average asking price is £505,099 while average price paid is £383,221 which is up by £60,179 and Avg. asking rent £1,405.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Norbury area. In last 1 year alone average price buyer paid is around £383,221 based on approximately 242 sales in Norbury area alone. If you compare it to last 3 years sales of 660 properties where buyers paid around £355,910. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £333,322 for 959 and average amount paid for purchase of approx. 1,240 properties sold in last 7 years comes to about £319,174 per sale.


Properties For Sale in Norbury


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 2 bedroom is around £309,971, £471,868 for a 3 bedroom house, £674,378 for a 4 bedroom house and £843,200 for a 5 bedroom house. For a flat similarly the prices varies from £243,306 for a single bedroom to £319,959 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £368,436. To sum up the asking prices for properties in Norbury it comes to around average £243,306 for 1 bedroom property, £318,370 for 2 bedroom, £446,364 for 3 bedroom, £674,378 for 4 bedroom and £843,200 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £524 for 1 bedroom to £1,627 for 3 bedroom, £2,020 for 4 bedroom and £2,548 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,057. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,490, £1,350 for 3 bedroom and £1,960 for 4 bedroom. You should be generally be expecting around average £995 rent per month for single bedroom property, £1,490 for 2 bedroom, £1,581 for 3 bedroom, £1,998 for 4 bedroom and approximately £2,548 for a 5 bedroom property in Norbury area.

Popular Houses in Norbury

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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